This month, high school seniors will begin their final semester of school. As these students eagerly prepare to graduate and look ahead to college, they will face a most daunting challenge. How will they pay for a college education? How students and their families meet this challenge will determine whether or not they attend college.
Given the rising cost of college, eighty-two percent of college applicants and their parents polled in the Princeton Review’s 2014 “College Hopes & Worries Survey” estimated that the cost of college would be more than $75,000 and eighty-nine percent indicated that as a result, financial aid will be “extremely” necessary to pay for college.
While the federal government provides almost $150 billion a year to help students pay for college, thousands of students don’t go to college simply because they believe that they can’t afford it.